AUD/USD Signal Update
Yesterday’s signals were not triggered as none of the key price levels were ever reached.
Today’s AUD/USD Signals
Risk 0.75%
Trades may only be entered between 8am New York time and 5pm Tokyo time only, over the following 24-hours period.
Short Trades
Go short following some bearish price action on the H1 time frame immediately upon the next touch of 0.7723 or 0.7663.
Place the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
Go long following some bullish price action on the H1 time frame immediately upon the next touch of 0.7576.
Place the stop loss 1 pip below the local swing low.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
AUD/USD Analysis
The market is very quiet and the price has just been consolidating for the past 3 days or so around 0.7625. There will finally be an important data release later close to the New York open so that might spark some life into the market. If that carries on into the later New York session and the Asian session this pair could give some opportunities over that time.
There is nothing due today concerning the AUD. Regarding the USD, there will be a release of Core Durable Goods Orders and Unemployment Claims data at 1:30pm London time.